posted by Riquetta Elliott on .
To help consumers in this tough economic climate, Pikes Peak Harley-Davidson offered to finance a new motorcycle for qualifying customers at 14% down, 11.00% interest for 60 months during July 2009. Rich Martinez was interested in calculating what his monthly payment would be if he bought a $29,536 bike.
Calculate his monthly payment to the nearest cent. (Use the loan amortization table). (Round intermediate calculations and final answer to 2 decimal places. Omit the "$" sign in your response.)
Please note that no one here will do your work for you. However, we will be happy to read over what YOU THINK and make suggestions and/or corrections.
Please post what you think.